Jones Financial Companies Lllp Grows Position in First Trust Preferred Securities and Income ETF $FPE

Jones Financial Companies Lllp raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,856 shares of the company’s stock after purchasing an additional 118,899 shares during the quarter. Jones Financial Companies Lllp owned 0.13% of First Trust Preferred Securities and Income ETF worth $7,977,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Visionary Wealth Advisors raised its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% in the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after buying an additional 634 shares during the period. Jaffetilchin Investment Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 1.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock valued at $1,106,000 after acquiring an additional 636 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 0.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock worth $1,580,000 after purchasing an additional 653 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 7.2% during the second quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock worth $193,000 after purchasing an additional 732 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its stake in shares of First Trust Preferred Securities and Income ETF by 3.5% during the second quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock valued at $453,000 after purchasing an additional 850 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

FPE stock opened at $18.27 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51. The firm’s 50-day moving average is $18.27 and its 200 day moving average is $18.23.

First Trust Preferred Securities and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.0683 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.